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Missouri’s Clay Cosponsors MBL Bill

Mar
21
Missouri’s Clay Cosponsors MBL Bill

Congressman William Lacy Clay (D-District 1) has signed on as a cosponsor to H.R. 688, the Credit Union Small Business Jobs Creation Act.  He is the first cosponsor on this bill from Missouri, and also supported the member business lending (MBL) bill introduced in the last Congress.

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Three Federal Bills Introduced Would Impact Credit Unions

Feb
19
Three Federal Bills Introduced Would Impact Credit Unions

Federal lawmakers have introduced three bills in the U.S. House of Representatives that would impact credit unions .  The bills, introduced between February 14 and 15, deal with member business lending, supplemental capital, and privacy notification requirements.

The new member business lending bill (MBL) is. H.R. 688 and was introduced by U.S. Rep. Ed Royce (R-CA)on February 14 .  It would lift the credit union member business lending cap to 27.5% of assets, from the current 12.25%.

Posted By Amy McLard read more

Bankers TAG Bill Dies in U.S. Senate

Dec
13
Bankers TAG Bill Dies in U.S. Senate

In a major setback for the bank lobby,  S. 3637, the banks’ Transaction Account Guarantee Program (TAG) bill, has died in the U.S. Senate.  By a vote of 50-42 on December 13, Senators voted against an effort to waive a Budget Point of Order for TAG.  A vote of 60 was needed to overcome the point of order and take a vote on the bill itself. Missouri’s U.S. Senators split on the issue, with U.S. Sen. Claire McCaskill (D) voting in support and  U.S. Sen. Roy Blunt (R) voting against.  

Posted By Amy McLard read more

MBL Call to Action: Call Senate Offices Following National Hike the Hill

Nov
26
MBL Call to Action: Call Senate Offices Following National Hike the Hill

Nine Missouri credit union representatives joined more than 500 credit union advocates and small business owners from across the country for National Hike the Hill on November 27-28 to make a final in-person grassroots push the for credit union member business lending legislation.  Missouri participants included two business owners and a credit union lending officer to share the member business lending story.

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Bankers Target MBL Again in Senate

Oct
25
Bankers Target MBL Again in Senate

Credit unions are in the final push to pass member business lending legislation in the U.S. Senate and House, and bankers are again targeting U.S. Senate offices to oppose the measure.  U.S. Senate bill S. 2231, the Credit Union Small Business Jobs Bill and U.S. House bill H.R. 1418, the Small Business Lending Enhancement Act, would raise the credit union member business lending limit from 12.25% to 27.5% of assets. 

Posted By Amy McLard read more

National Hike the Hill Focus on MBL: Missouri Attendees Needed November 27-28

Oct
22
National Hike the Hill Focus on MBL:  Missouri Attendees Needed November 27-28

In Missouri and across the country, credit unions are focusing on the final push to pass member business lending (MBL) legislation.  Time is running out and all efforts are needed.  If member business lending is not passed by the end of the year, MBL will have to be reintroduced when the new Congress takes office and the process must start all over again. 

Posted By Amy McLard read more

Credit Unions Highlight Access to Capital for Small Business

Sep
10
Credit Unions Highlight Access to Capital for Small Business

Attention on Capitol Hill will focus on credit union member business lending this week, and Missouri credit unions have the opportunity to take part.

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Cosponsors Grow After Missouri Credit Unions Hike the Hill

Jul
16
Cosponsors Grow After Missouri Credit Unions Hike the Hill

Cosponsors Grow After Missouri Credit Unions Hike the Hill

Missouri cosponsors to key bills affecting credit unions grew after Missouri credit union representatives make visits to Capitol Hill.  Lawmakers added their names to several bills impacting credit unions.

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Springfield Media Highlights Need for Credit Union Small Business Lending

Jun
11
Springfield Media Highlights Need for Credit Union Small Business Lending

Springfield Media Highlights Need for Credit Union Small Business Lending

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Business Lending Spotlight: First Community

May
10
Business Lending Spotlight: First Community

This is a series of stories highlighting credit unions making small business loans in Missouri and the need for S. 2231, the Credit Union Small Business Jobs Act.

Posted By Amy McLard read more

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